REITs – National Retail Properties, Macerich, and RioCan Report Q2/2020 Earnings as COVID-19 Significantly Impacts Profits
The commercial real-estate market was significantly impacted by the COVID-19 pandemic, leaving retail businesses and tenants unable to pay rent as sales dried up. As tenants vacate stores, the U.S. outdoor shopping center market net absorption reached a record low of negative 7.7 million square feet. [more]